euNetworks Announces Key Management Transition

euNetworks Group Limited (SGX: 5VT.SI), today announced that Joachim Piroth will join the company with effect from 1 January 2014 as Chief Financial Officer (CFO), an Executive Director of euNetworks Group Limited and a Managing Director of euNetworks GmbH.

Mr. Piroth brings great knowledge from working in the industry, having spent time at Mannesmann Group, LambdaNet Communications Deutschland AG and Versatel Deutschland GmbH. Mr. Piroth also served as CFO and Managing Director of the German and Austrian activities of BT Global Services and most recently was Group CFO of the worldwide activities of zanox Group, a leading performance advertising network, 52% owned by Axel Springer AG.

"I am absolutely delighted that Joachim is joining the euNetworks team and will be leading our finance functions,” said Brady Rafuse, Chief Executive Officer of euNetworks. "Joachim will be hugely valuable to euNetworks as we focus on value creation and is a great addition to my Leadership team.”

About euNetworks

euNetworks Group Limited (SGX: 5VT:SI) is a bandwidth infrastructure provider, owning and operating 13 fibre based metropolitan networks across Europe connected with a high capacity intercity backbone covering 38 cities in 9 countries. The Company offers a portfolio of metropolitan and long haul services including Colocation, Dark Fibre, Metro Wavelengths, Wavelengths, Ethernet, and Internet. Enterprise and carrier customers benefit from euNetworks’ unique inventory of fibre and duct based assets that are tailored to fulfil their high bandwidth needs.

euNetworks Group Limited is headquartered in London and publicly listed on the Singapore Stock Exchange. For further information please visit www.eunetworks.com.